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23.06.2010, 16:59

Alrosa posts FY 2009 net profit of 3.46 billion roubles

Russian diamond producer, Alrosa, has posted a FY 2009 net profit of 3.46 billion roubles under IFRS.

23.06.2010, 16:08

Rosneft calls for East Siberian oil field tax break

The Yurubcheno-Tahomskiy oil field in East Sibera will have trouble becoming profitable unless there is a five year moratorium on the oil export duty, said Rosneft vice-president, Mikhail Stavsky.

23.06.2010, 15:02

EMAlliance posts FY 2009 net profit of 355 million Roubles

Power equipment manufacturer, EMAlliance, has posted a FY 2009 net profit of 355 million Roubles under IFRS.

Dmitry Medvedev (RIA Novosti) 18.06.2010, 17:07 4 comments

President’s keynote St. Petersburg address focuses on modernization

Russian President, Dmitry Medvedev, has announced that Russia will abolish capital gains taxes on long term direct investments, in order to boost economic modernization.

30.12.2009, 20:48 2 comments

Economic worst avoided with much still to do

Wednesday saw the Russian government discuss this year's economic performance and the anti-crisis measures to be implemented in 2010.

08.06.2009, 12:56 1 comment

Innovative economy needs major reforms

Rosnano CEO Anatoly Chubais says developing an innovative economy involves major reforms, and thinking strategically.

13.08.2009, 16:39 1 comment

Magna Sberbank proposal on Opel finalised

Canadian car parts group Magna, along with Russia's Sberbank, have finalized their proposal to buy General Motors German subsidiary, Opel.

The Opel car factory (AFP Photo / Georges Gobet) 11.09.2009, 18:17 1 comment

The benefits for Russia of buying into Opel

By the end of the year, the Russo-Canadian joint venture will reach a deal to take a stake in Opel. But what does the Russian side gain?

23.06.2010, 10:44 1 comment

Russian-Italian helicopter project launched

Italy’s Agustawestland and Russian Technologies State Corporation have launched a joint venture in producing hi-tech helicopters in Russia.

01.04.2009, 10:00

German business looks for growth in Russia

Business leaders say German companies will continue to invest in Russia - though their approach to investment is changing.

Cisco commits to Skolkovo as President looks over hi tech role models

Published: 24 June, 2010, 12:22
Edited: 24 June, 2010, 18:19


Dmitry Medvedev (2-R) and Arnold Schwarzenegger (R) during Medvedev`s visit to the CISCO office (AFP Photo / RIA-Novosti / Kremlin / Dmitry Astakhov)

Russian president Dmitry Medvedev is looking over California’s silicon valley on his trip to the US, as American technology giants take increasing interest on his plans for the modernization of Russia.

 
1 COMMENT
Count Cash June 24, 2010, 18:07 quote
0

There is going to be competition for brains, and that we shouldn't be worried about at all. Indeed it should drive a better world market and more opportunites. The only worry, is if you do not factor in this reaction from the start and have a plan to optimise your competitiveness. Tip - this isn't through minimising costs, it is through maximising value, which translates into margin on product and real wealth of individuals, including the wealth they feel from their surroundings and conditions (environmental wealth) Russia needs to look at innovation, like any other business. It isn't magic, but it does require thinking. There will be a supply and demand issue, if we can't generate enough critical mass, then as we produce innovators, they will be sucked away to other places. If we provide the skills and opportunity, but better conditions exist elsewhare then the same will be true. So we need think of the supply side and conditions first. Then additionally of course we should look at lock in, not through rules, but natural free local associations, basically their cultural roots and family. So all this can be addressed by looking wider than the hub, at the whole picture including the peripheral node feeders and sub hubs. The trick is to maintain absolute focus on the hub, but also develop the regional feeder labs at the same time. These would act as development reservoirs of profesionals and ideas, that could be fed into the hub for major development, or kept locally. A basic fan in network. The plus side of this, is that you get geographical diversity and for the companies that are still viable, but not Mega, local development and diversification of the regional economies The trick is to start these in phase with the Hub development, so the peripheral feeder wells of innovation are already coming on line. There is balance here, not to dilute the Hub's efforts. However, properly done could see feeders developed that would add robustness to the overall design

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